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Oil Price

US is rearing & fearing that recession is coming...causing oil trading prices to drop more then US$6/- to US138/-

 

oil px 141/b [from 100/b] actually makes small diff 2 most countries EXCEPT usa bcos it is in usd n usd has fallen significantly against most currencies.

 

then we would have a global water probelm ! LOL

cyjjerry85      ( Date: 28-Jun-2008 01:48) Posted: if oil can be replace by Coke...how nice it will be

 

I happened to listen to an interview with oil expert Colin Campbell on radio this morning and just managed to find his interview on internet. http://www.fromthewilderness.com/free/ww3/102302_campbell.html

 

There is so much talk about oil speculation. I believe it is just part of the problem but not the real part of the problem. Here are some things for you to "chew on". Currently Non Opec oil producing countries are forecasting a lower oil output. Their oil fields are in decline. UK used to be a oil exporter but now it is a oil importer as their oil fields are in decline. If this is happening in UK for thier oil fields, don't you think the same thing is happening in OPEC countries?  

 

go for low int rate FD if u dun hv confidence in stock investment at this moment. it is really very volatile. UOB offers not bad but May Bank is the choice, esp if u reach 55 of age.

the other advice is that if u don't need cash at this moment while u are appoaching retirement age of 55, leave you min sum RA with CPF to earn better int.

 

if oil can be replace by Coke...how nice it will be

 

Lets hope it will shoot up quick and fast, then it will come down fast as well. It is better than a long and draggy one.

 

lets see if it hits 132 mid next wk n then continue downwards.

 

another record break price...

http://money.cnn.com/2008/06/27/markets/oil/

Oil hits $142, analysts foresee $150

 

haiz.....

 

then must thank sub-prime n cdo.

Centaur      ( Date: 27-Jun-2008 17:26) Posted: Think about the good side of oil price increase. At least pp now are thinking of saving money and saving earth. Less fuel consumption = Less pollution

 

agreeable tt it is good to Mother Earth when ppl use lesser of oil consumption and are more energy conservative because of the oil price hike...but on the other hand as are trying to save Mother Earth...ppl are having political unrest too..fighting each other

maybe countries will have to think twice before engaging in war in times to come because it will be deem to expensive to fly their Air Force...too expensive to have their tanks moving about...and probably the Navy will have to engage some solar energy to propel forward instead 

Centaur      ( Date: 27-Jun-2008 17:26) Posted: Think about the good side of oil price increase. At least pp now are thinking of saving money and saving earth. Less fuel consumption = Less pollution

 

most activities round the world, including the poorlest countries are energy driven. And 80 % of the energy is generated by fuel. if the fuel price rockets till a state which most countries are not able to cope with, majority of life activities will come to an halt. Riots and even war would be the consequences loh. The abovementioned could be = doom day is coming soon, if thing is not solved deligently by the influencial countries and UN.

 

exactly, this ding dong will not go away until USD strengthens. However at the current state of the US economy, strengthening the USD is difficult and also it is better to have a weaker USD to narrow its deficits. Whichever way, the sky is still very cloudy.

 

USDYen is on a downtrend now. I'm expecting 105.77 to be achieved tonight. Oil will ascend as a result of the USD devaluation. This is also relevant to gold price - now it's 923.2 bucks.

 

Think about the good side of oil price increase. At least pp now are thinking of saving money and saving earth.

Less fuel consumption = Less pollution

 

It is a speculation game. Even OPEC members are speculating that it will go up to USD150 - USD170. So what does this mean? USD 200 in sight and more blood across the global market.....

 

Four years ago the signs of a impending energy crisis coud be seen. The world did nothing. It is too late now. Some of the world leaders might not really comprehend the fundamental problem at hand and keep focussing on oil speculation

 

Go fill up your tank today. They like to increase petrol price over weekend.

 

it is already in the process...but we need time to get use to using it...ppl are more energy conserving nowadays...knowing that they are many ppl throughout the world suffering from the high oil price leading to unrest and inflation...dun think these oil speculators have a conscience except to think for their pockets

karma 

jasonfaxingliu      ( Date: 27-Jun-2008 10:42) Posted: oil price going higher and higher so money all concentrated in oil exporting countries... that's not good, hope that alternative energy be invented quickly